Question

How it risk management is integrated with the organisation's broader risk management?

Answer 1

Answer:

The approach to risk management integrates risk activities from across an organization to enable better and more sustainable strategic decision making. Integrated Risk Management is a set of practices and processes supported by a risk-aware culture and enabling technologies that improves decision-making and performance through an integrated view of risk. For most organizations, building an Integrated Risk Management program means replacing the old traditional ways with a single, holistic view of enterprise risk.